| dc.contributor | 財管系 | |
| dc.creator (作者) | 陳嬿如 | zh_TW |
| dc.creator (作者) | Chiou, J.R.;Chen, Y.R.;Huang, T.C. | |
| dc.date (日期) | 2010 | |
| dc.date.accessioned | 8-Jan-2015 17:50:47 (UTC+8) | - |
| dc.date.available | 8-Jan-2015 17:50:47 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Jan-2015 17:50:47 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/72696 | - |
| dc.description.abstract (摘要) | This study intends to solve the disputes between the free cash flow hypothesis and the tunneling hypothesis in explaining the role of cash dividends on asset expropriation of the controlling shareholders in Chinese listed firms, by investigating the values of cash holdings and cash dividends between firms with high and low ownership control. The results show that investors value more the cash dividends of firms with high ownership control than those of firms with low ownership control, and value more the cash holdings of firms with low ownership control than those of firms with high ownership control, more consistent with the free cash flow hypothesis rather than the tunneling hypothesis. | |
| dc.format.extent | 114474 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | China Journal of Accounting Research, 3(1), 71-93 | |
| dc.title (題名) | Assets Expropriation via Cash Dividends? Free Cash Flow or Tunneling | |
| dc.type (資料類型) | article | en |
